BTC Halving and its effect on gambling

Saint-loup

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Quote from: BestBitcoinCasino on May 12, 2020, 01:04:00 AM

Hey! With the 3rd halving just around the corner and Bitcoin trading at about $9,200 at the time of writing, the price may break past the $10,000 mark once again in the weeks or months following [a lot of polls in regards to that here as well]

A massive price surge will highlight renewed interest in Bitcoin, which eventually may influence the iGaming industry to give more value to crypto gaming. This may result to a boom in the number of Bitcoin casinos on the market.

As Bitcoin gets more attention, more online casino operators would not want to miss the opportunity to tap the crypto gaming market. Existing operators that cater to only fiat-money players would consider accepting Bitcoin, while new brands in iGaming would launch as crypto-friendly casino and sports betting sites, for instance. Gaming dApps, for instance, may also get the boost they need to launch and get a strong following and support from the community.

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I'm not sure about that. If the price increases people will be reluctant to spend it for things like that.
Maybe some of them will want to earn more btc by gambling since he gets some value but I don't think it will be the majority of them.

milewilda

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Quote from: KTChampions on May 14, 2020, 03:18:37 PM

Quote from: freedomgo on May 13, 2020, 06:48:01 PM

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halving effect only brings hype IMO.

At the moment, yes, and I note that the hype is completely concentrated in the crypto community - bitcoin is still far from ATH and few people think of it from the “outside” world without interesting news about price records.
As for gambling and investments in casinos, it seems to me that everyone in this community already knows about the advantages and possibilities of cryptocurrencies in the field of gambling. But maybe if a new hype begins (if there is reason for this) around bitcoin, then new people will learn about this area.

Fundamentals are common and it isnt really necessary for you to learn about it unless if its relevant for you to get some concern.In matter of halving then lots of people are way expecting too much but i dont see that it would really affect that much to those who do gamble and to those who own platforms or gambling businesses.If it rose up its price then its good but if not then it doesnt matter because we know that we do always pegged
its value of satoshis to usd in the time we do play.Online gambling is booming up and theres no doubt to that and also this isnt a fairy tale on where op had mentioned of.

KTChampions

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Quote from: freedomgo on May 13, 2020, 06:48:01 PM

~
halving effect only brings hype IMO.

At the moment, yes, and I note that the hype is completely concentrated in the crypto community - bitcoin is still far from ATH and few people think of it from the “outside” world without interesting news about price records.
As for gambling and investments in casinos, it seems to me that everyone in this community already knows about the advantages and possibilities of cryptocurrencies in the field of gambling. But maybe if a new hype begins (if there is reason for this) around bitcoin, then new people will learn about this area.

freedomgo

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Quote from: ralle14 on May 13, 2020, 06:30:17 PM

Bitcoin gambling sites don't really gain anything from the halving event as others mentioned it'll help increase the value of Bitcoin but based on the previous events the effect doesn't happen right away after a day or two. We could see the price hitting above $10000 this month but that could only be a temporary effect since the price usually goes back down once we hit that point.

The effect will be more on people are investing in crypto and some might be investing in gambling sites.
however, for normal gamblers, as we can see, the transaction fee is really high right now, I tried to transact with transaction fee of 0.11 usd, until now it's still not confirm.. that's why I like altcoins to gamble and maybe soon people will choose altcoins as its cheaper and faster.

halving effect only brings hype IMO.

ralle14

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Bitcoin gambling sites don't really gain anything from the halving event as others mentioned it'll help increase the value of Bitcoin but based on the previous events the effect doesn't happen right away after a day or two. We could see the price hitting above $10000 this month but that could only be a temporary effect since the price usually goes back down once we hit that point.

adzino

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Quote from: BestBitcoinCasino on May 12, 2020, 01:04:00 AM

Hey! With the 3rd halving just around the corner and Bitcoin trading at about $9,200 at the time of writing, the price may break past the $10,000 mark once again in the weeks or months following [a lot of polls in regards to that here as well]

A massive price surge will highlight renewed interest in Bitcoin, which eventually may influence the iGaming industry to give more value to crypto gaming. This may result to a boom in the number of Bitcoin casinos on the market.

As Bitcoin gets more attention, more online casino operators would not want to miss the opportunity to tap the crypto gaming market. Existing operators that cater to only fiat-money players would consider accepting Bitcoin, while new brands in iGaming would launch as crypto-friendly casino and sports betting sites, for instance. Gaming dApps, for instance, may also get the boost they need to launch and get a strong following and support from the community.

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Not sure if its going to have any affect on the gambling. I mean, I don't see any reason or any connection with halving and crypto casinos. Though, if the price starts to rise, then people will be betting lower amount of coins (but the same value or bit more) on each bet.
I don't think fiat casinos can just jump and start accepting crypto currencies. There are laws and regulations that they will have to abide by which will make the process quite slow for them.

pakhitheboss

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I do not see any correlation between halving and gambling. Bitcoin was stable prior to halving and is still. I think this might last for a few more months. It is a good sign as it will not affect the USD value of our profits as well as our loss significantly. Apart from that, I do not see any effect of halving.

KTChampions

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The only connection that I see between gambling and halving is trading. Many traders try to guess the effect of halving and place their bets on the estimated price movement. If these bets are placed on movement in the short term, then I consider this a simple guess = gambling.

RealMalatesta

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No I have talked with couple of casino owners and they are saying they have seen an increase in their wagering. Nothing major at all, nothing significant in many purposes, only the poker places have seen some increase I suppose with all the tournaments going on, but aside from that it is not really all that changing. Even the sportsbooks have said that nothing major has changed, people like gambling and when they couldn't find the proper big ones, they kept gambling on the small ones I suppose.

Sportsbet.io steve has talked about how they have covered this period better than they expected for example. And that is sportsbook which should be doing horrible right now, when we talk about stuff like dice or any other casino game, they are doing even better obviously.

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Quote from: Genemind on May 13, 2020, 04:03:34 AM

I can't actually see the effect of halving on gambling. Maybe in someways it would have an effect. Even before the halving the number of new gambling platform had increased since the demand for and innovative gambling platform is increasing and more and more people are getting involved in crypto gambling. I think there will be more and more demand on it as soon as we reach the peak of mass adaptation.

The effect is with the price and it's the impact for gamblers like us.
Increase of the price will make everyone to gamble with lesser amount. That can be the other effect that would make the difference after the halving. I have same thoughts with others looking to the time before bitcoin hits all time high.

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Quote from: BestBitcoinCasino on May 12, 2020, 01:04:00 AM

Looks like a fairytale for you? Share your thoughts

I'd rather say it's going to play out in the opposite direction

I'm not a casino operator (read, I don't have any stats), but as I suspect, it is more complicated than a simple, unidirectional relationship. For example, it can be that higher cryptocurrency prices and bullish expectations in general make people more interested in trading rather than gambling. Conversely, lower prices and overall negative expectations may turn trading folks into gamblers (there have been such reports)

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The BTC halving doesn't have a direct effect on gambling since the only thing that changed in the event is the total block reward hence, the total mined Bitcoins will be reduced therefore supply will decrease and I just hope that demand will increase so the price will increase in the long term.

Online gambling sites that are using crypto are being there already for a long time and the halving doesn't have any effect on it in my opinion. I also expect that more and more online gambling sites will accept crypto not just Bitcoin but other coins like ETH, BCH or anything which has a fast transaction speed. There are some sites that are supporting multiple coins in it already and more will do it in the future.

DoublerHunter

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^ Halving probably no direct impact on online casinos for it may have a price surge afterward but for what reason this online casinos would like to become affiliated with bitcoins in has no sense if the reason is only because of the price surge. But people are getting aware of cryptocurrency and trying to invest then more investors might also increase the number of possible gambling players using their cryptocurrencies. Nevertheless, in the mere future when more people became engaged in cryptocurrency then online casinos might as well accept cryptocurrency by then.

Genemind

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I can't actually see the effect of halving on gambling. Maybe in someways it would have an effect. Even before the halving the number of new gambling platform had increased since the demand for and innovative gambling platform is increasing and more and more people are getting involved in crypto gambling. I think there will be more and more demand on it as soon as we reach the peak of mass adaptation.

peter0425

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Nope i don't think there will be effect in gambling because instead of spending their Bitcoin to play they will instead Hold the currency and maybe try to use Fiat instead for a while so if there is an effect?for sure that is lowering the usage of crypto and instead Fiat will be indeed.

Quote from: xSkylarx on May 12, 2020, 06:47:02 PM

Indirectly, it may affect online gambling as well. The online gambling casino platform is increasing as time goes by since crypto is starting to spread especially with the halving. However, the problem as bitcoin price starts to hike the higher the fee becomes, most likely bitcoin will be the least used crypto in crypto casino.

so if does this will not help Bitcoin to grow by all means instead only casino will benefits but not the gamblers .

Negotiation

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There are many members who have invested in BTC after seeing the halving of Bitcoin due to the rising price of BTC It has no effect on gambling Due to the increase in the price of BTC, everyone is leaning towards BTC. Telegram is great for getting updated information on every currency about crypto The use of BTC for gambling is less Therefore, gambling will not be affected Online casinos increase the quality of their play depending on the customer However, due to the crisis caused by the virus many are not playing online casinos due to a lack of sufficient capital.

verita1

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I enjoyed my first BTCitcoin Halving on social media. I was excited all the time, I could also perceive the same emotion in the groups on telegram. Particularly in a group I was able to notice that there were members who were buying Bitcoin for the first time. Due to all the diffusion that was given to the event for which I think there are effects: more followers, some businesses with traditional finances are paying attention to Bitcoin, more projects in blockchain-based developments (Dapps, gaming, among others. )

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Quote from: BestBitcoinCasino on May 12, 2020, 01:04:00 AM

Hey! With the 3rd halving just around the corner and Bitcoin trading at about $9,200 at the time of writing, the price may break past the $10,000 mark once again in the weeks or months following [a lot of polls in regards to that here as well]

A massive price surge will highlight renewed interest in Bitcoin, which eventually may influence the iGaming industry to give more value to crypto gaming. This may result to a boom in the number of Bitcoin casinos on the market.

As Bitcoin gets more attention, more online casino operators would not want to miss the opportunity to tap the crypto gaming market. Existing operators that cater to only fiat-money players would consider accepting Bitcoin, while new brands in iGaming would launch as crypto-friendly casino and sports betting sites, for instance. Gaming dApps, for instance, may also get the boost they need to launch and get a strong following and support from the community.

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Be also aware of scams since those are going to pop up as well. We still remember 2017 as a year of scam ICOs so nothing would chance about gambling scams.

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Quote from: vycl87 on May 12, 2020, 01:39:58 AM

~snip~
Halving is an issue that takes place on the Bitcoin network. And I don't think this will have anything to do with gambling directly.

Obviously I also do not see anything to do between halving and gambling, because I know that there are many gambling platforms that use altcoin.
I think that gambling players won't connect it either, because halving or not, an addict won't think about it.
most importantly they can play normally.

it's just that there might be temporary interest from the novice gamblers who heard the halving news.

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Quote from: BestBitcoinCasino on May 12, 2020, 01:04:00 AM

Hey! With the 3rd halving just around the corner and Bitcoin trading at about $9,200 at the time of writing,

Are you sure about this? Where you got the information that Bitcoin is trading around $9,200?
You posted this topic today and I think the price of Bitcoin has been below $9,000 all day.

Source: https://coinmarketcap.com/currencies/bitcoin/

Quote from: BestBitcoinCasino on May 12, 2020, 01:04:00 AM

A massive price surge will highlight renewed interest in Bitcoin, which eventually may influence the iGaming industry to give more value to crypto gaming. This may result to a boom in the number of Bitcoin casinos on the market.

Is this your opinion or gathered from a source? I cannot say that the significant rising in BTC price triggers many Bitcoin casinos since I don't have data about it. For me, it has nothing to do with gambling since it has a different sector and basically doesn't give a direct impact on casino sites.

xSkylarx

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Indirectly, it may affect online gambling as well. The online gambling casino platform is increasing as time goes by since crypto is starting to spread especially with the halving. However, the problem as bitcoin price starts to hike the higher the fee becomes, most likely bitcoin will be the least used crypto in crypto casino.

STT

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Quote from: MFahad on May 12, 2020, 03:00:24 PM

I think with bitcoin becoming more and more expensive, the direct effect will be that people will not be willing to bet or gamble with bitcoins. Instead they may use Dogecoin or other low value coins for gambling. Other than this, halving will have no effect on gambling.

I know what you mean roughly but until 1 sat is too expensive I dont think this is a major problem. Bitcoin is infinitely divisible really and at present its over 100 Satoshi units to make even 1 cent of value. Its more about transaction costs to relay funds around the network, this could discourage people from Bitcoin into the alts and it is true every time BTC rises then the alt coins see a dramatic rise in their value also, more then just 1;1 ratio.

MCobian

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I have a slightly different opinion with most people, in my opinion bitcoin halving does not have an effect on the development of gambling.
I felt that there was no significant change before halving happened or after halving happened. Which gives a big effect not bitcoin halving
but corona virus. With the corona virus physical casinos and sports betting must to stop temporarily, but online gambling is increasingly
being visited by people.

Stedsm

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Just don't relate halving to these things because it really doesn't make any sense. Price rise is not just based on halving but many other factors and to what I'm seeing, we will probably be in a stable situation for a few more weeks (even months) and you can surely see a surge in the BTC gambling interest from a user's end when price falls actually, and BTC can be the choice of casinos when they see surge in price. So it's different for both situations.

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Quote from: BestBitcoinCasino on May 12, 2020, 01:04:00 AM

As Bitcoin gets more attention, more online casino operators would not want to miss the opportunity to tap the crypto gaming market. Existing operators that cater to only fiat-money players would consider accepting Bitcoin, while new brands in iGaming would launch as crypto-friendly casino and sports betting sites, for instance. Gaming dApps, for instance, may also get the boost they need to launch and get a strong following and support from the community.

Halving doesn't have a direct effect on how crypto-gambling sites will get a strong support from the community. For example, even those sites that only support fiat will consider crypto, specifically bitcoin, as one of their payment method, there is no assurance that they will attract more crypto-users to use their sites.

The competition of crypto-gambling sites today is so tough that even site owners spend lots of money on marketing, climbing to one of the best is a challenge.

In general, whether there is halving or not, the crypto-gambling activity will always grow on its usual process.

pixie85

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I also feel like the anticipation of big events in Bitcoin does not increase gambling profits.

Usually the masses react in the most obvious way. If they see sure profits from investment they will save up and not gamble. If they're scared they will sell or gamble it away.
The biggest gambling profits are late in the bull market where every average joe has some profits and feels confident to risk it in a game just because it's free money.

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Halving itself does not have any effects on gambling whatsoever. The industry would operate as usual and it's still up to the players on whether they would use cryptocurrencies to gamble or not. Perhaps those who kept their balances on bitcoin would try and cash out with bitcoin when the pricing gets good, whereas those who play with bitcoin might try to use other cryptocurrencies instead and 'try' to withdraw with bitcoin if that is even possible in some gambling platforms.

The general idea re: gambling with bitcoin remains technically and essentially the same with or without halving price effect. They would still play with the currency if they want to, and might want to take advantage of the price action as it happens sooner.

StephenJH

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I am sure the existing fiat gateway online casinos will not stay away from the popular demand of today's online world. Digital money will be considered more than ever in the next few years, so I am ready to see the real revolution, it doesn't matter anymore it will be sooner or later.

MFahad

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Quote from: swogerino on May 12, 2020, 03:24:28 AM

Here is my simple logic why bitcoin price may surge in the end of 2021.

In 2012 first halving happened with bitcoin price surging on November 2013.
In 2016 second halving happened with bitcoin price surging on December 2017.
Now third halving will happen and I hope bitcoin price will surge again in the end of 2021.

Effects on gambling will be many new casino operators would want to join the crypto eco system for their casino.

I think with bitcoin becoming more and more expensive, the direct effect will be that people will not be willing to bet or gamble with bitcoins. Instead they may use Dogecoin or other low value coins for gambling. Other than this, halving will have no effect on gambling.

carlfebz2

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Quote from: BestBitcoinCasino on May 12, 2020, 01:04:00 AM

Hey! With the 3rd halving just around the corner and Bitcoin trading at about $9,200 at the time of writing, the price may break past the $10,000 mark once again in the weeks or months following [a lot of polls in regards to that here as well]

A massive price surge will highlight renewed interest in Bitcoin, which eventually may influence the iGaming industry to give more value to crypto gaming. This may result to a boom in the number of Bitcoin casinos on the market.

As Bitcoin gets more attention, more online casino operators would not want to miss the opportunity to tap the crypto gaming market. Existing operators that cater to only fiat-money players would consider accepting Bitcoin, while new brands in iGaming would launch as crypto-friendly casino and sports betting sites, for instance. Gaming dApps, for instance, may also get the boost they need to launch and get a strong following and support from the community.

Looks like a fairytale for you? Share your thoughts

Im not really seeing such effect yet we've already seen the adoption which is good yet we have seen several fiat-based ones tended to make use or add up of BTC
into their mode of deposit/withdrawal which is good.In talks of halving effect on gambling then i dont see the relevance yet people would just gamble no matter
on what would be the price since they can easily make use of it on few units or sats when it rose its price.Crypto gambling is becoming big which is really
a good thing for gamblers yet this do add up more option to them.

Casdinyard

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Well I doubt there would be more effects of bitcoin halving that could bring any thing to casinos aside from it getting a pump. We all know that these casinos are one of the biggest holder of bitcoin, they are storing it for good funding the whole house to be ready to any internet climate. But if the house owner/s is so grateful, there would be more of a promotion and bonuses to their platform when bitcoin goes wild in the next couple of weeks. I hope they are hearing me right now Grin

ShowOff

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I think there has been a slight change in the perception of new gamblers related to halving so that there is a good impact on gambling sites namely the increasing number of new gamblers on the site. Some of the things that I think and the effect might be:

For new gamblers:
- Looking for luck in gambling.
- Want to get bitcoin and sell it because of high prices is the basic motivation so they can become rich.

For gambling site:
- Becoming popular because of the increasing number of users.
- Site revenue increases because there will be many players who lose.

asu

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Nothing drastically changed on gambling, and I don't see in any reasons that BTC halving could really effect gambling that much. Initially, this covid-19 really takes place a lot. Cheesy

mu_enrico

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BTC is just a tool, money, so it won't make crypto casinos suddenly appealing to the masses. Gaming developers still need to evolve/constantly bring more exciting games to the table so gamers can play more and obviously spend more.

So it seems people here like dice. With dice, devs can modify it so whenever it hits xx.xx, a bonus round will appear, just like slots.

Saisher

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The online gambling casinos are the one that is going to benefit this halving and the adoption because there are no open casinos, I can see gambling casinos doubling or even tripling because of the halving and the adoption, check the gambling casinos section we see a lot of new gambling sites coming up, positioning themselves in the market.

yazher

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The Halving is already done not too long ago and its effect is not too much when you see the price in the market today. most people say that this year's halving was a fail. little they know is their awaited bull run will affect only after a few months of halving if there's one. Now the effect of the halving in the market was great as you can see the price has gain momentum before the halving takes place. It didn't even bother to spike its price even we are experiencing pandemic nowadays. just one thing to remember when we are going for another halving again next 4 years.

BitcoinTurk

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Quote from: BestBitcoinCasino on May 12, 2020, 01:04:00 AM

Share your thoughts

I think the halving process that takes place today will not have much effect on gambling. Of course, with the increase in possible mining fees, we may now have to pay more commissions and deposit money in our accounts, but I think it will not have a special effect. Another thing that comes to my mind is that due to a possible mining problem, delays may occur in the pool and money transfers may take place more slowly. This will have a very serious effect for users who bet on last minute deposits because many users prefer Bitcoin for their ease of use. On the other hand, due to the price increases that may occur in this process, gamblers with Bitcoin balance can also exchange gambling platforms to play more games with more USD. This creates a positive effect for some of the services and a negative effect for some.

CarnagexD

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I think the market increase does not have any effect to the gambling world because most of the coins today are now used with the fiat currency which is good because they don't make any changes on the price it is stable than the use of the cryptocurrency also in the online gambling does not matter if you are using the bitcoin or other altcoins because the same earnings they will give but the difference when they are transferring their funds now on their wallet has changed on the market value of the coins now.

Quote from: Bezobraznike on May 12, 2020, 08:46:52 AM

I don't think that BTC halving will have any effects on gambling. People who gamble with crypto-currencies knows
how to adjust their bets when crypto-currencies rise in price, or when opposite happens. And what else can happen
after halving, price can either go high or will drop at some point before it rise a lot. But in the same time for us who
gamble with minimal bets, we will continue to do the same, if price rise we will have a bit higher bets equivalent to dollar
value, but that can be a good thing!

Even it made a changes on the market price the people or the player must be still aware about the market cost of the coins to not to wage the same amount of the coins.

Yatsan

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Quote from: fortunecrypto on May 12, 2020, 08:31:54 AM

We'll have to wait for a few months before we can see the impact but anywhere we look at it at our current situation, online gambling is going to benefit it since there are no casinos open at this pandemic and Cryptocurrency is moving forward in adoption, online gambling casinos has a good future and everyone is struggling for a share of the market.

The casino will only benefit if their player is going to increase, but I think with regards to halving, the only positive effect that they are going to benefit our from it is if bitcoin is going to skyrocket! other that I there's no more. And yes! you are right, base on the pattern on the past halving we are going to only see the effect after few months and I really hope that would be a good news for all of us. I am hoping that history will repeat itself again Grin

Bezobraznike

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I don't think that BTC halving will have any effects on gambling. People who gamble with crypto-currencies knows
how to adjust their bets when crypto-currencies rise in price, or when opposite happens. And what else can happen
after halving, price can either go high or will drop at some point before it rise a lot. But in the same time for us who
gamble with minimal bets, we will continue to do the same, if price rise we will have a bit higher bets equivalent to dollar
value, but that can be a good thing!

Yamifoud

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Well, gambling site owners will be happy if there is a massive growth of crypto gambler but it seems to be unfortunate knowing that halving never has that instant effect on the market. It might @swogerino is right about his speculations and that to see the market in bullish next year. And we can also expect that its effect on the gambling (if there is any) will be next year.

fortunecrypto

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We'll have to wait for a few months before we can see the impact but anywhere we look at it at our current situation, online gambling is going to benefit it since there are no casinos open at this pandemic and Cryptocurrency is moving forward in adoption, online gambling casinos has a good future and everyone is struggling for a share of the market.

7788bitcoin

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Quote from: btc_angela on May 12, 2020, 05:58:23 AM

That was the speculation, but we can't tell for certain. If it goes above 5 digits again then good for us.

If the price goes above 5 digits, it is hard to attract the casual investors and if the price goes to those valuation in a short period then the fall will be that huge. We have seen those rallies in the past and we know how the market usually holds up once the selling starts.

Quote from: btc_angela on May 12, 2020, 05:58:23 AM

On the contrary, there maybe some bitcoin gamblers who will choose to hold on their bitcoin unless you are really a whale or big time bitcoin gambler. For average Joe, I'm sure they will have seconds thoughts of playing their hard earn BTC, just saying.

I was always curious about this situation but in the last rally i have seen high rollers in gambling sites but the real statistics can be known only if a gambling site produces those pre rally and post rally statistics. Casual gamblers like me used to look for cheaper coins to gamble and very few sites had multiple deposit options when the market rallies and now most of the sites have multiple deposit options.

STT

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Quote

Here is my simple logic why bitcoin price may surge in the end of 2021.

Good post, I have a very similar theory but I wouldn't exactly say we have to wait for the end of 2021. I'll just expect bullish action and some pullbacks to be occurring all through 2021, my label for 2020 was neutral in some total. I did not anticipate this virus and the excess volatility but the fact we bounce back just as hard is not a great surprise. It will be the case once again this year that people expect too much and we will pull back, I believe we wont stray too far from 10k this year and then next find greater development.
The halving itself takes time, its a cake baking not icing ready made to eat like its immediate. Dont expect too much too soon, so far as gambling a bullish BTC price probably does encourage interest but I do hope the market manages to steady itself to allow people to join and not too sudden a rise; I view this as negatively as a sudden fall personally.

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Quote from: Sadlife on May 12, 2020, 06:17:32 AM

BTC halving would definitely have a significant change to the Cryptocurrency gambling industry especially with the halving event many people including non crypto users would want to include themselves to the hype and will create FOMO to buy BTC and cryptocurrency thus leading more players to online casino's.

I was thinking that isn't now more players who used to gamble with btc may either switch to fiat or may be to some other altcoins as due to halving the supply will now reduce, the demand if rises will lead to rise in price an in gambling losing out chances is higher to why to lose out the precious btc instead it could be done with fiat or altcoins. So people may save btc now more than before.

danherbias07

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An opportunity.
Not a fairy tale. Those things are already happening but not just in great heights.

Gaming industry, I want to see more of this.
There are still few that wants innovation.

Gambling industry is already in there. We cannot count them anymore in our fingers, hands and feet.
I don't know about the boom in their industry though. It will still depend if they are ready.

Sadlife

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BTC halving would definitely have a significant change to the Cryptocurrency gambling industry especially with the halving event many people including non crypto users would want to include themselves to the hype and will create FOMO to buy BTC and cryptocurrency thus leading more players to online casino's.

crwth

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What are you talking about? The halving is done already and we are waiting for the 4th halving now. What date of writing did you do and you just post this now?

Quote from: BestBitcoinCasino on May 12, 2020, 01:04:00 AM

Hey! With the 3rd halving just around the corner and Bitcoin trading at about $9,200 at the time of writing, the price may break past the $10,000 mark once again in the weeks or months following [a lot of polls in regards to that here as well]

There's currently a sideways market before and after halving. I don't think there's a direct correlation towards halving and gambling itself but only towards what it could do with the Bitcoin price. But as you can see, nothing big has happened with the price except for the dump from 9k to 8k.

Tipstar

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I don't think halving is as attractive news for people who are not familiar with crypto. The halving would also not have any direct and immediate effect on gambling industry as the price range remains the same so are other nature of transactions. With a large number of coins on supply and very few left to mine, we would start seeing what the final nature of bitcoin would look like.

btc_angela

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Quote from: BestBitcoinCasino on May 12, 2020, 01:04:00 AM

Hey! With the 3rd halving just around the corner and Bitcoin trading at about $9,200 at the time of writing, the price may break past the $10,000 mark once again in the weeks or months following [a lot of polls in regards to that here as well]

That was the speculation, but we can't tell for certain. If it goes above 5 digits again then good for us.

Quote from: BestBitcoinCasino on May 12, 2020, 01:04:00 AM

A massive price surge will highlight renewed interest in Bitcoin, which eventually may influence the iGaming industry to give more value to crypto gaming. This may result to a boom in the number of Bitcoin casinos on the market.

On the contrary, there maybe some bitcoin gamblers who will choose to hold on their bitcoin unless you are really a whale or big time bitcoin gambler. For average Joe, I'm sure they will have seconds thoughts of playing their hard earn BTC, just saying.

Quote from: BestBitcoinCasino on May 12, 2020, 01:04:00 AM

As Bitcoin gets more attention, more online casino operators would not want to miss the opportunity to tap the crypto gaming market. Existing operators that cater to only fiat-money players would consider accepting Bitcoin, while new brands in iGaming would launch as crypto-friendly casino and sports betting sites, for instance. Gaming dApps, for instance, may also get the boost they need to launch and get a strong following and support from the community.

Looks like a fairytale for you? Share your thoughts

It's also happening, but it's possible that we will see another growth in crypto gaming specially that the pandemic is still a problem. We can't go out and play in physical casinos so plausible that some of them are shifting to online gaming to continue habit.

sunsilk

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2016 halving didn't do difference in the gambling business. Gamblers will never change their habit unless they are already dedicated to stop. The gambling industry is still booming and while we are in the pandemic crisis, other local gamblers see this as an alternative while being locked down.

There's more effect to the price and value of bitcoin per se but to the gambling institutions that's already established, I don't think that there will be much effect for them if it's for their operation.

Ucy

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Compare rates on different exchanges & swap.

Is iGaming the name of gaming/betting company, some kind betting services or hub for casinos? Well, I don't really know much about it ... seen it on the gambling sections couple of times though. Guess it's fairly known in in betting world.

$crypto$

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There is no influence of halving to influence gambling because many people expect halving to occur because they want a soaring increase that moment too, but for gambling there has been no influence on bitcoin now many gambling platforms have provided crypto easily even other large altcoins too, for Dapps it is clear that a lot has been developed because this will make it easier for gamblers with its access, iGaming will be very liked with a very new look because that's what is sought for gamblers.

maydna

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I guess the effect will not have too big for gambling industry because the gambling games are not just used bitcoin to place the bet, but the gambling games can use the other crypto. But if you ask about how its effect on the market, it seems, it does not give the effect right now, but perhaps, it will happen in the next months. I think right now, the price is still adjustable with what happens in the market, and seems, now the market is at a stable moment.

But I agree that the effect of bitcoin halving on the gambling industry will be much new gambling site release soon because many people want to try to make money from crypto. They think that crypto is a new technology, and now become booming in out there. People who stay at home will often to see the advertisement about crypto gambling website so that they can attract more people to come to the crypto.

Jawhead999

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I don't think if halving will really effect to gambling, because halving usually correlations about the price only. Since the bitcoin is in bullish and get attention, then many newcomer/newbies will search about bitcoin and how to earn it. And most of them probably want to earn in free only, so they will prefer faucets or micro task.

I would say this year is the great moment for many online casino if you want to get more traffic, because many people is boring and stuck in home only (lockdown). Gambling is the one choice to fill up free time they have when stuck in home, below is the proof

Quote from: https://www.chroniclelive.co.uk/news/north-east-news/concern-lockdown-leading-increase-online-18125575

Mr Holden said: "There is already evidence that with people at home due to the coronavirus lockdown online problem gambling is on the rise.

coinfinger

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Literally halving will not have any effect on gambling even in long run. I mean halving is known for triggering stronger bull run but gamblers prefer gambling with bitcoin regardless of bitcoin's price value. When gamblers keep on ignoring whatever value of bitcoin, I guess the halving will not impact on gambling industry.

In some other topic, people have mentioned about bitcoin as their most preferred cryptocurrency to gamble with. So, we cannot expect any big differences in gamblers' preferences on using bitcoin for their gambling until bitcoin will be having a new ATH. I mean when bitcoin will be valuing something very big and people start worshiping holding bitcoin then probably gamblers will start looking for some other cryptocurrency for their gambling. But, I do see very less chances for such changes among gamblers.

Twinkledoe

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Quote from: swogerino on May 12, 2020, 03:24:28 AM

Here is my simple logic why bitcoin price may surge in the end of 2021.

In 2012 first halving happened with bitcoin price surging on November 2013.
In 2016 second halving happened with bitcoin price surging on December 2017.
Now third halving will happen and I hope bitcoin price will surge again in the end of 2021.

Effects on gambling will be many new casino operators would want to join the crypto eco system for their casino.

Though there may be new casino operators joining this business but even without this halving, you can already see a lot of online casinos being launched every day. And with this pandemic still on the horizon, many are taking advantage to put up their online casinos as most physical casinos are still closed and a lot are stuck in their homes (wherein, some of them want to play online gambling). But yes, with the growing popularity of crypto because of this halving and other matters, many operators will really be tempted to develop their online casinos.

swogerino

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Here is my simple logic why bitcoin price may surge in the end of 2021.

In 2012 first halving happened with bitcoin price surging on November 2013.
In 2016 second halving happened with bitcoin price surging on December 2017.
Now third halving will happen and I hope bitcoin price will surge again in the end of 2021.

Effects on gambling will be many new casino operators would want to join the crypto eco system for their casino.

imstillthebest

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yes its a mere fairy tail for now because most of you wish list are literally on wish yet but dont worry because i know that they can be achieve in the near future . look around you , crypto is now popular as well as crypto casinos however i dont think price surge will attract more people to join crypto gambling but the first thing that people will do is to get involved to earn a profit . eventually when they got more experience they may try new things such as crypto gambling just like what happen to me before .

ultrloa

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Tap of what? doing promotion for these events? well maybe they get a new player but apparently there's no correlative relation you can get with casino's since for sure the people will focus to see on halving together with bitcoins and the only benefits will get by the casino's is they will earn big money from pumps brought by halving if they have stock some bitcoins on their hot wallets.

Japinat

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The effect will be more exposure to the crypto casinos if more people will invest because of halving.
Also, halving is popular this year in crypto so people might be checking on it and when they are introduce in crypto, they would be able to see that it's a big market when gambling industry is booming in the crypto space. If we have only see a real pump, then maybe we can expect a better effect, but bitcoin has dump now, don't know if it will stop at the current price or will dive more.

7788bitcoin

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Quote from: BestBitcoinCasino on May 12, 2020, 01:04:00 AM

As Bitcoin gets more attention, more online casino operators would not want to miss the opportunity to tap the crypto gaming market. Existing operators that cater to only fiat-money players would consider accepting Bitcoin, while new brands in iGaming would launch as crypto-friendly casino and sports betting sites, for instance. Gaming dApps, for instance, may also get the boost they need to launch and get a strong following and support from the community.

As you mentioned the gambling sites that caters only fiat currency will see the changing trend and they might start accepting bitcoin, even not you can deposit money using third party services but you need to convert to fiat.

Bitcoin is freedom and if the sites that accept bitcoin to gamble and does not ban users from some countries it would be better, asking KYC if you think that they tried to defraud is once aspect but banning countries is well against the bitcoin ethics and if every gambling sites follow these everything will flourish.

vycl87

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Quote from: BestBitcoinCasino on May 12, 2020, 01:04:00 AM

Hey! With the 3rd halving just around the corner and Bitcoin trading at about $9,200 at the time of writing, the price may break past the $10,000 mark once again in the weeks or months following [a lot of polls in regards to that here as well]

A massive price surge will highlight renewed interest in Bitcoin, which eventually may influence the iGaming industry to give more value to crypto gaming. This may result to a boom in the number of Bitcoin casinos on the market.

As Bitcoin gets more attention, more online casino operators would not want to miss the opportunity to tap the crypto gaming market. Existing operators that cater to only fiat-money players would consider accepting Bitcoin, while new brands in iGaming would launch as crypto-friendly casino and sports betting sites, for instance. Gaming dApps, for instance, may also get the boost they need to launch and get a strong following and support from the community.

Looks like a fairytale for you? Share your thoughts

I don't know if Halving will have any benefit or benefits in Gambling. But it's a fact that Dapps make gambling easier. Still, the preference of classic online casinos rather than dapps suggests that dapps have not yet reached a sufficient audience.

Halving is an issue that takes place on the Bitcoin network. And I don't think this will have anything to do with gambling directly.

BestBitcoinCasino

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Hey! With the 3rd halving just around the corner and Bitcoin trading at about $9,200 at the time of writing, the price may break past the $10,000 mark once again in the weeks or months following [a lot of polls in regards to that here as well]

A massive price surge will highlight renewed interest in Bitcoin, which eventually may influence the iGaming industry to give more value to crypto gaming. This may result to a boom in the number of Bitcoin casinos on the market.

As Bitcoin gets more attention, more online casino operators would not want to miss the opportunity to tap the crypto gaming market. Existing operators that cater to only fiat-money players would consider accepting Bitcoin, while new brands in iGaming would launch as crypto-friendly casino and sports betting sites, for instance. Gaming dApps, for instance, may also get the boost they need to launch and get a strong following and support from the community.

Looks like a fairytale for you? Share your thoughts

Topic: BTC Halving and its effect on gambling (Read 600 times)